Best Homeowners Insurance Companies In Naples, FL For May, 2024

Nationwide stands out as the top choice overall, backed by its impressive A+ (Superior) rating for financial strength from AM Best. It excels in customer satisfaction across various online platforms and boasts a robust agent presence in South Florida. Additionally, Nationwide offers highly competitive rates, making it a solid option in every aspect.

What sets Nationwide apart is its standard home insurance policy, which includes unique coverages not commonly found with other insurers. For instance, it provides reimbursement for credit card fraud and offers ordinance or law coverage to meet stringent rebuilding codes, ensuring comprehensive protection.

You have the flexibility to tailor your policy with optional add-ons like Better Roof Replacement. In the event of a covered incident, this feature covers the cost of upgraded roofing materials. Another valuable option is Brand New Belongings, which provides replacement cost coverage for your personal belongings. Should your items suffer damage or destruction, you will be reimbursed for their depreciated value and can then purchase replacements. Simply provide the receipts to Nationwide, and they will reimburse you for the cost difference.

Obtaining home insurance from Nationwide is convenient, as you can purchase it through a local agent, over the phone, or online. The Nationwide website and mobile app offer easy access for filing and tracking claims, paying bills, and making policy changes.

Nationwide’s average cost for home insurance in Naples: $209/month

State Farm came in as our second top choice, thanks to its strong presence of agents in Naples and South Florida. This is essential because it ensures access to a large number of State Farm agents and claims adjusters in case of a hurricane or severe storm.

State Farm offers a standard homeowners policy that can be customized with additional coverages such as ordinance and law protection, identity theft coverage, and insurance for valuable items like jewelry.

With an excellent A++ rating from AM Best, State Farm demonstrates the highest level of financial strength. They also provide optional replacement cost coverage for your home, other structures, and personal belongings, ensuring damaged items are replaced at their current market value without factoring in depreciation.

To get a quote from State Farm, you can start the process online but will need to work with a local agent to purchase a policy. Policyholders can conveniently file claims, manage accounts, and opt for paperless billing through the State Farm website or app. The website also offers a helpful resource library to enhance your understanding of insurance concepts.

Average premium for State Farm home insurance in Naples: $147/month

Tower Hill stands out with its budget-friendly rates in Florida. However, it’s important to note that the company lacks a JD Power customer satisfaction score and holds a B++ rating from AM Best. These factors are likely attributed to Tower Hill Insurance’s focus on being a prominent provider of homeowners insurance specifically in Florida, with coverage available in only 16 additional states.

Tower Hill’s home insurance allows homeowners to customize their own insurance plan. Alongside standard coverage types like dwelling and personal property, their Typical and Prime Plus policies offer various endorsement options. These include extended replacement cost, water backup coverage, and personal injury coverage.

Tower Hill sets itself apart by offering unique add-on coverage options that may be harder to find with other carriers. These include landscaping coverage, food spoilage protection, trampoline liability coverage, lock replacement, and more.

Furthermore, Tower Hill’s highest-tier Spire package includes numerous optional coverages already incorporated into the policy for added peace of mind.

Average Premium for Tower Hill home insurance in Naples: $125/month

Chubb is a great choice for homeowners with valuable assets to protect, offering many extras. However, budget-conscious homeowners in Naples may find their rates higher than average.

When insuring a high-value home, Chubb provides useful policy add-ons like extended replacement cost coverage, helping you rebuild after an accident.

Chubb’s risk consulting program is an added perk, with a consultant assessing fire and security concerns before accidents occur.

The Chubb Masterpiece insurance policy covers important aspects for affluent clients, including electronic data restoration and property management services.

Chubb’s claims agents have the authority to promptly pay claims, aiming for a smooth process. Denials require manager approval, ensuring fairness and ease for claimants.

Average premium for Chubb home insurance in Naples: $326/month

Allstate offers a whopping 11 different discounts for homeowners insurance. What’s even more impressive is that seven of these discounts are considered rare by industry experts. This is much more than what other insurance companies typically offer, which is only seven discounts.

Some of the discounts provided by Allstate include:Allstate’s discounts include:

• Claims forgiveness: additional coverage which keeps your rate from increasing after you file a claim
• Claims-free: customers can get 5% back on renewal as long as they remain claims-free every year
• Deductible reward: $100 off deductible upon signing up
• Bundle: up to 25% for bundling home and car insurance
• Automatic payment: saves up to 5%
• Loyalty: up to 10% for renewing with Allstate
• New Homebuyer: discount for recent homebuyers
• New home: discount for insuring a newly constructed home
• Responsible payment: additional discount for having a good payment history
• Early payment: up to 10% for buying a new policy at least seven days before your old policy expires
• Protective device: discount for installing theft and fire protection

Allstate homeowners insurance offers essential protection for your dwelling, personal belongings, liability, and guest medical expenses. But that’s not all! Allstate goes above and beyond by providing homeowners with a range of optional coverages to tailor their insurance to their specific needs.

When it comes to optional coverage, Allstate stands out with a selection of nine different types. Alongside popular options such as identity theft and scheduled personal property coverage, Allstate offers something truly distinctive for homeowners who take pride in their yard and garden. This unique coverage enhances your protection by increasing coverage limits for landscaping expenses and even riding lawn mowers.

Progressive secured an impressive second place in terms of JD Power customer satisfaction scores among all the companies we evaluated, falling just short of USAA. While USAA received high praise, we couldn’t bestow upon them the Best for Customer Satisfaction award as their home insurance policies are exclusively available to military members and their families.

When it comes to Progressive home insurance, you can expect the typical coverage options found in most homeowners insurance policies. Here’s a breakdown of what they offer:

Dwelling coverage: This ensures that if your home suffers damage from a covered event like a fire or tornado, the cost of repair or replacement is taken care of.

Other structures coverage: If structures separate from your home, such as a fence or shed, are damaged, this coverage steps in to cover the repair or replacement expenses.

Personal property coverage: Your belongings, including clothing, electronics, and furniture, are protected under this coverage, providing funds for repair or replacement if they are damaged or stolen.

Liability insurance: In the event of property damage or injuries to others on your property, liability insurance covers the costs. It also offers financial assistance for legal defense in case of a lawsuit arising from an accident.

Additional living expenses coverage: If circumstances render your home uninhabitable due to a covered event like a tornado, this coverage helps with expenses such as hotel bills, meals, and even pet boarding fees.

However, it’s worth noting that according to Progressive’s filings with the Florida Department of Insurance, certain dog breeds may be deemed ineligible for coverage. These breeds include Akitas, American bulldogs, chow chows, Dobermans, Mastiffs, pit bulls, Rottweilers, Staffordshire terriers, wolf hybrids, any mix or variation of these breeds, and any dog with a history of biting.

Average premium for Progressive home insurance in Naples: $222/month

Citizens Property Insurance Corporation holds a vital position in Florida’s property insurance landscape, offering essential protection to individuals who are entitled to coverage through the private market but face difficulties in obtaining it.

As a prominent insurer for Florida homes and businesses, Citizens is dedicated to providing its customers with service that meets the high standards set by the private market.

Established by the Florida Legislature in August 2002, Citizens operates as a non-profit, tax-exempt government entity with the primary objective of extending property insurance to eligible Florida property owners who are unable to secure coverage from private insurers.

While policyholder premiums form the foundation of Citizens’ funding, Florida law mandates that assessments be imposed on most policyholders in the state if Citizens experiences a shortfall following a particularly catastrophic storm or a series of storms.

Average premium for Citizen’s home insurance in Naples: $187/month

USAA put up a strong fight for the Best Overall title, coming in a close second primarily because it’s limited to military members and their families. Nonetheless, USAA remains solid and reliable across the board.

Founded in 1922 by a group of 25 Army officers who wanted to self-insure their cars, USAA now offers various insurance and financial products for U.S. armed forces members, Reserves, veterans, and their families. Headquartered in San Antonio, USAA operates multiple offices across the United States, as well as in London, Frankfurt, and Luxembourg.

USAA’s standard home insurance policy covers replacement costs for personal belongings and includes protection for active-duty and deployed service members’ uniforms. Optional coverage for events like earthquakes and home-sharing may also be available.

Eligible members can conveniently purchase USAA insurance products online using an active membership ID, through a local branch, or over the phone. USAA’s website features an automated agent chatbot to assist you in managing your online account, including bill payments, policy changes, and claims. Notably, USAA boasts an excellent A++ rating from AM Best, representing the highest level of financial strength for insurance companies.

Average premium for USAA home insurance in Naples: $141/month